On March 27, 2026, David Sacks stepped down as the White House AI and Crypto Czar after reaching the role's 130-day limit, and moved to co-chair PCAST with Michael Kratsios. Unfinished items include the CLARITY Act's Senate path and the operational future of a strategic Bitcoin reserve created by executive order. Bitcoin traded around $66,000, down roughly 4% over the past 24 hours, as broader macro and geopolitical factors also weighed on sentiment.

US lawmakers' Clarity Act talks have run into an impasse over who may offer yield on stablecoins and under what regulatory process, with Coinbase telling senators it is unhappy with this week's compromise. The debate centers on whether agencies should define yield mechanisms via rulemaking, including potential limits on tying rewards to stablecoin transaction volume. Markets reacted after the details surfaced, with Circle's stock dropping 20% on Tuesday.

In March 2026, multiple crypto and crypto-adjacent firms reported workforce reductions, with disclosed figures totaling about 450 roles in a few weeks. Cuts included Block’s 4,000+ job reduction in February, Crypto.com’s 12% (about 180 employees), and the Algorand Foundation’s 25% on March 18, 2026. Several companies framed the moves as part of broader AI adoption, while sector hiring signals showed new job postings running at roughly 6.5 per day in January.